Hot Pursuit     22-Oct-12
Unichem Lab jumps after strong Q2 earnings
Unichem Laboratories rose 3.05% to Rs 194 at 14:53 IST on BSE after net profit jumped 83.2% to Rs 35.07 crore on 32.5% growth in net sales to Rs 261.17 crore in Q2 September 2012 over Q2 September 2011.

The company announced the results on Saturday, 20 October 2012.

Meanwhile, the BSE Sensex was up 89.15 points or 0.48% to 18,771.46.

On BSE, 86,000 shares were traded in the counter as against average daily volume of 41,561 shares in the past one quarter.

The stock hit a high of Rs 197.10 and a low of Rs 191.10 so far during the day. The stock had hit a 52-week high of Rs 203.35 on 25 September 2012. The stock had hit a 52-week low of Rs 101.15 on 13 December 2011.

The stock had outperformed the market over the past one month till 19 October 2012, rising 1.18% compared with the Sensex's 1.01% rise. The scrip had also outperformed the market in past one quarter, jumping 40.07% as against Sensex's 8.12% rise.

The company has equity capital of Rs 23.75 crore. Face value per share is Rs 2.

Unichem Laboratories is an integrated specialty pharmaceutical company. It manufactures and markets a large basket of pharmaceutical formulations as branded generics as well as generics in India and several other markets across the world. In India, the company is a leader in niche areas of cardiology, neurology and other orthopadics and anti-infectives.

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